Study On The Relationship Between The Listed Company Social Responsibility And Corporate

With the rapid economic development, the company continues to expand businessscope. By the company increasingly making close links with the community, corporatesocial responsibility becomes a hot issue of concern. Corporate governance as thecompany’s decision-making activities a series of institutional arrangements are built aroundcorporate responsibility and power. Therefore, all aspects of corporate governance play avital role for companies to fulfill their social responsibility. This paper will start fromrelationships of the corporate social responsibility and corporate governance, and empiricalstudies the impact of corporate governance on corporate social responsibility performanceabout degree and direction. Finally the paper will proposed for listed companies in China tobetter fulfill their social responsibilities from the perspective of corporate governance.Firstly, this paper introduces corporate social responsibility and corporate governancetheories, the situation of China’s listed companies to fulfill their social responsibility andcorporate governance, as well as studies reviewed at home and abroad for the relationshipbetween corporate social responsibility and corporate governance. Secondly, on the basis ofthe study design, this paper empirically studies the relationship between corporate socialresponsibility and corporate governance with our135listed companies in the real estateindustry at A-share market of Shanghai and Shenzhen Stock Exchange for six consecutiveyears2007-2012of810observations as sample.Then we can get the following conclusions:①Company governance factors most have affecting relations significantly with Corporatesocial Responsibility Index. Among them, the proportion of independent directors, state thenature of the direct controlling shareholder, executives stake, creditors degree of marketsurveillance, product market competition, the degree of government supervision andcorporate social responsibility index is positively correlated; ownership concentration,chairman and general manager of segregation and Corporate Social Responsibility Index isnegatively correlated; the number of Supervisory Board meeting and shareholders’ meetingheld annual, the proportion of shares to attend the annual general meeting and corporatesocial responsibility index was not significant;②size of the company, earnings per share,return on net assets are related to corporate social responsibility as a significant positivecorrelation;③The influence of corporate governance on corporate social responsibility hasinter temporal effect. This impact will require for some time. Thirdly, combining the previous status and empirical analysis, the paper conclusions some suggestions for listedcompanies in China to better fulfill their social responsibilities from the perspective ofcorporate governance.Finally, the paper draws conclusions, limitations and prospects ofthis study.